DRAWBACK
Drawback is available on goods exported by the Post. The goods should be eligible for drawback purpose. It should figure in Drawback schedule, market price of goods in India should be more than Drawback claim and you should receive foreign remittance from your buyer.
You can claim drawback immediate after your export but if you do not receive your foreign remittance within six months then you have to return the Drawback amount with interest. You may face adjudication and prosecution proceedings if you have exported any thing with the fraudulent intention or violation of any law.
Special Economic Zone (SEZ)
The new engine of Indian growth, The SEZ units , can export/import all products through post parcel/courier
2 comments:
For goods mainly of small value exported through Post or Courier it will be advisable to not consider the Duty Drawback. The expenses & procedure is time consuming.
Shiva
Dear Shiva,
Whether any body claim duty draw back or not ,it is purely personal decision of any businessman.
It may be time consuming for the first timer,but, most of Draw back are settled on line and are credited directly in to your Bank account.
pl write me what are expenses and procedure invovled in draw back which you consider are time consuming.
regards
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